The country has introduced a non-obligatory Responsible Influence Certificate for those promoting crypto.
Category: Regulation News
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical.
DC doesn’t realize how powerful crypto voting is — Brian Armstrong
According to Brian Armstrong, the gap between current crypto policies and Americans needs will make cryptocurrencies a hot topic in the upcoming elections.
Senators unveil bipartisan blueprint for comprehensive AI regulation
It is expected to be a guide in managing both the potential benefits and risks associated with AI technology.
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in August 2022 and extradited to Turkey in April 2023.
SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’
The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues.
Blockchain Association responds to US lawmakers’ request for crypto tax guidance
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8.
Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud
The CFTC has brought or resolved ten fraud cases involving digital assets or forex since June 2023, Commissioner Kristin Johnson said.
DeFi enforcement sparks dissenting opinion from CFTC commissioner
The commissioner advocated public and stakeholder engagement through rulemaking, not just enforcement.